The House Of Representatives Passed The Bipartisan Debt Limit Agreement &Nbsp; The Total Increased By 2 Trillion And 100 Billion Dollars.

Monday, August 1st evening Eastern time. U.S.A The house of Representatives, with 269 votes in favour and 161 votes, finally passed the debt ceiling agreement reached by the bipartisan leaders yesterday. The agreement will raise the government's borrowing limit. 2 trillion and 100 billion US dollar to eliminate the risk of US debt default.

In a speech Sunday night, Obama said that the first part of the agreement calls for a reduction of US $1 trillion in ten years. The second part is to set up a bipartisan committee in the Congress. It will be responsible for further deficit reduction proposals by November this year, and raise the debt ceiling by at least 21 trillion US dollars. The second part of the agreement will reduce the deficit by about 1 trillion and 500 billion US dollars.

According to the plan, the US Senate will vote on the plan on Tuesday. If passed, the bill will enter the stage of legislation implementation.

President Obama said earlier that if the bill was passed in both houses, it would sign the bill. The US Treasury had said earlier that if the US government could not adjust its debt ceiling by Tuesday, the US would default.

Analysts generally believe that although the adoption of the proposal is not entirely without variables, it is a fact that the US can avoid default in the short term.

Reed, the majority leader of the US Senate, said on Monday that he was able to pass the budget cut. deficit He is confident that he will raise the debt limit, but he also cautioned that it needed support from Democrats and Republicans.

After meeting with other Democrats in the Senate, Reed said in an interview with the media that members of the Senate are currently in favor of and opposed to the plan. When asked about the number of votes, Reed said: "I can not speak lightly of victory."

John, vice president of the United States, said Biden was confident that the plan could be passed.

David Plouffe, a senior White House adviser, said he believed the two parties had recently reached a new level of improvement in. debt The upper limit agreement will be passed in Parliament before the end of Monday, and then it will be submitted to President Obama to sign into law.